Oracle is the world’s second biggest software company. It is also an anchor tenant of Silicon Valley — or rather it was. Last week, the company moved its HQ from California to Texas. Meanwhile, Oracle’s legendary founder, Larry Ellison, will be working from home, which in his case is the Hawaiian island of Lanai (most of which he owns).
Oracle isn’t the first tech giant to walk away. Elon Musk is also moving to Texas and taking Tesla’s company HQ with it. Peter Thiel has already expressed his frustration with Silicon Valley property prices — though has yet to quit California completely.
